At Home - Live Oak, TX_Property for Sale
At Home - Live Oak, TX_Property for Sale
7613 N Loop 1604 E, Live Oak, TX, 78233-2669, US

At Home - Live Oak, TX

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located in Live Oak, TX 14 miles northeast of downtown San Antonio.

The Property totals 124,525 SF on an 8.90-acre parcel and features a corporate guaranty from At Home, a leading home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease with 10.7 years of remaining term, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options. The Asset is positioned near the intersection of Highway 1602 and US-35 which combine for more than 250,000 vehicles daily. The surrounding 1-mile has experienced a 70% population growth since 2010 and average household incomes within that radius exceed $100,000. To accompany the growth, more than 1,000 apartment units have been delivered since 2019 within 3 blocks of the Property. The Property is accompanied by premier retailers such as IKEA, Costco, Target and more.

The Offering provides investors with the opportunity to acquire nearly 11 years of passive cash flow from a national retail tenant, with in-place renewal options, an exceptional surrounding demographic profile and a tremendous residual development opportunity. 

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Attributes

Building area net
124,525 sf
Occupancy
100%
Year built
2018
Land area net
8.9 acres
Units
1
WAULT
10.7 years

Media

Investment highlights

  • 1,000+ APARTMENT UNITS WITHIN THREE BLOCKS DELIVERED SINCE 2019


  • 70% 1-MILE POPULATION GROWTH SINCE 2010


  • $105K AVERAGE HOUSEHOLD INCOME IN 1-MILE RADIUS


  • ABS NNN LEASE WITH ANNUAL GROWTH AND NO LANDLORD RESPONSIBILITES



  • DIRECTLY OFF HIGHWAY 1604: 98,500 VPD
At Home - Live Oak, TX 4_Property for Sale
At Home - Live Oak, TX 4_Property for Sale

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At Home - Live Oak, TX (0 Properties)

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Last updated
Nov 7, 2024